CICC, Cinda Securities-a non-wholly-owned subsidiary of China Cinda Asset Management Co. Ltd.-and Dongxing Securities have entered into a Merger Agreement following a previous Cooperation Agreement signed on November 19, 2025. The planned transaction involves a merger by absorption and a share-for-share exchange, aiming to combine the strengths of the three firms. Under the agreement, CICC will absorb Cinda Securities and Dongxing Securities, issuing shares as consideration for the merger. The transaction is designed to enhance collaboration and complementary capabilities among the participating companies.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Cinda Asset Management Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251217-11958725), on December 17, 2025, and is solely responsible for the information contained therein.